Velde: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Velde
Largest movements
- Cash -€41,812
down €41,812 (-22.7%), from €184,410 to €142,598
mainly Net result for the year (-€62,386) and Receivables within one year (-€39,010)
- Receivables within one year +€39,010
up €39,010 (+101.0%), from €38,613 to €77,623
of which Trade receivables: +€37,081
- Deferred charges and accrued income +€10,266
up €10,266 (+40.5%), from €25,339 to €35,605
- Financial fixed assets -€7,218
down €7,218 (-73.5%), from €9,823 to €2,605
- Reserves -€62,386
down €62,386 (-52.6%), from €118,645 to €56,259
- Trade debts +€42,467
up €42,467 (+100.1%), from €42,445 to €84,912
- Tax, wage and social debts +€15,794
up €15,794 (+51.6%), from €30,627 to €46,421
of which Remuneration and social security: +€15,780
- Other debts +€3,653
up €3,653 (+6.0%), from €60,879 to €64,532
- Staff costs +€116,865
up €116,865 (+62.2%), from €187,957 to €304,822
- Gross operating margin -€30,650
down €30,650 (-10.7%), from €287,351 to €256,701
- Taxes -€6,667
down €6,667 (-92.5%), from €7,209 to €543
- Financial charges +€3,606
up €3,606 (+39.4%), from €9,158 to €12,764
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,903 | €258,431 | -€472 | -0.2% |
| Fixed assets | 21/28 | €10,541 | €2,605 | -€7,936 | -75.3% |
| Tangible fixed assets | 22/27 | €718 | €0 | -€718 | -100.0% |
| Furniture and vehicles | 24 | €718 | €0 | -€718 | -100.0% |
| Financial fixed assets | 28 | €9,823 | €2,605 | -€7,218 | -73.5% |
| Current assets | 29/58 | €248,362 | €255,826 | +€7,464 | +3.0% |
| Amounts receivable within one year | 40/41 | €38,613 | €77,623 | +€39,010 | +101.0% |
| Trade receivables | 40 | €25,822 | €62,903 | +€37,081 | +143.6% |
| Other amounts receivable | 41 | €12,791 | €14,720 | +€1,929 | +15.1% |
| Cash at bank and in hand | 54/58 | €184,410 | €142,598 | -€41,812 | -22.7% |
| Deferred charges and accrued income | 490/1 | €25,339 | €35,605 | +€10,266 | +40.5% |
| Total equity and liabilities | 10/49 | €258,903 | €258,431 | -€472 | -0.2% |
| Equity | 10/15 | €124,952 | €62,566 | -€62,386 | -49.9% |
| Contributions | 10/11 | €6,307 | €6,307 | = | 0.0% |
| Reserves | 13 | €118,645 | €56,259 | -€62,386 | -52.6% |
| Distributable reserves | 133 | €118,645 | €56,259 | -€62,386 | -52.6% |
| Amounts payable | 17/49 | €133,951 | €195,865 | +€61,914 | +46.2% |
| Amounts payable within one year | 42/48 | €133,951 | €195,865 | +€61,914 | +46.2% |
| Trade debts | 44 | €42,445 | €84,912 | +€42,467 | +100.1% |
| Suppliers | 440/4 | €42,445 | €84,912 | +€42,467 | +100.1% |
| Taxes, remuneration and social security | 45 | €30,627 | €46,421 | +€15,794 | +51.6% |
| Taxes | 450/3 | €7,955 | €7,969 | +€14 | +0.2% |
| Remuneration and social security | 454/9 | €22,672 | €38,453 | +€15,780 | +69.6% |
| Other amounts payable | 47/48 | €60,879 | €64,532 | +€3,653 | +6.0% |
| Remuneration, social security and pensions | 62 | €187,957 | €304,822 | +€116,865 | +62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €718 | -€723 | -50.1% |
| Other operating charges | 640/8 | €704 | €240 | -€464 | -65.9% |
| Gross operating margin | 9900 | €287,351 | €256,701 | -€30,650 | -10.7% |
| Operating profit (loss) | 9901 | €97,250 | -€49,079 | -€146,328 | |
| Financial income | 75/76B | €16 | €0 | -€16 | -100.0% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -100.0% |
| Financial charges | 65/66B | €9,158 | €12,764 | +€3,606 | +39.4% |
| Recurring financial charges | 65 | €9,158 | €12,764 | +€3,606 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €88,107 | -€61,843 | -€149,950 | |
| Income taxes | 67/77 | €7,209 | €543 | -€6,667 | -92.5% |
| Profit (loss) for the period | 9904 | €80,897 | -€62,386 | -€143,283 | |
| Profit (loss) for the period to be appropriated | 9905 | €80,897 | -€62,386 | -€143,283 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.